Manulife Financial Corp

MFC: XTSE (CAN)
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Manulife Earnings: Growth Story in Asian Business in Full Swing; Maintaining Our CAD 39 Valuation

Manulife posted a strong set of numbers, with impressive growth in the Asian business. The firm reported core earnings of CAD 1.77 billion, or CAD 0.99 per share, in the first quarter, up 3% compared with the previous year. Adjusted return on equity was 15.6% during the quarter.

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